EXPLORATION AND EVALUATION ASSETS (Tables)

6 Months Ended

Jun. 30, 2026

The exploration and evaluation assets of the Company consist of the acquisition costs of mining assets located in Botswana:

	Selebi $			Selkirk $		Total $
	Botswana
	Selebi $			Selkirk $		Total $

Balance, December 31, 2024		8,528,478			318,343		8,846,821
Impairment loss – Phikwe South and Southeast Extension		(501,497	)		-		(501,497	)
Addition – Selebi APA Second Instalment		34,441,488			-		34,441,488
Foreign currency translation		(60,249	)		4,066		(56,183	)
Balance, December 31, 2025		42,408,220			322,409		42,730,629
Balance, Exploration and Evaluation Assets		42,408,220			322,409		42,730,629
Foreign currency translation		246,798			1,876		248,674
Balance, June 30, 2026		42,655,018			324,285		42,979,303
Balance, Exploration and Evaluation Assets		42,655,018			324,285		42,979,303

Details of the general exploration expenses by nature are presented as follows:

	Selebi $		Selkirk $		Other $		Total $		Selebi $		Selkirk $		Other $		Total $
	Three months ended June 30, 2026								Three months ended June 30, 2025
	Selebi $		Selkirk $		Other $		Total $		Selebi $		Selkirk $		Other $		Total $
Drilling		3,901,813		-		-		3,901,813		3,034,485		703,233		-		3,737,718
Site operations, administration, & overhead		990,191		109,621		9,329		1,109,141		1,362,912		344,208		113,086		1,820,206
Electricity		857,502		2,732		-		860,234		865,329		4,296		-		869,625
Engineering & technical studies		759,687		103,846		-		863,533		495,977		15,915		-		511,892
Infrastructure & equipment maintenance		749,190		-		-		749,190		731,349		-		-		731,349
Geology		678,425		88,036		-		766,461		451,862		303,536		-		755,398
Mine development		503,428		-		-		503,428		708,170		-		-		708,170
Freight, tools, supplies, & other consumables		236,635		103		-		236,738		392,598		76,638		-		469,236
Geophysics		215,425		3,895		-		219,320		242,959		20,939		-		263,898
Health & safety		126,795		559		-		127,354		127,031		3,630		-		130,661
Environmental, social & governance		88,656		-		-		88,656		86,371		-		-		86,371
Share-based compensation		149,980		16,665		-		166,645		121,262		131,310		-		252,572
Total		9,257,727		325,457		9,329		9,592,513		8,620,305		1,603,705		113,086		10,337,096

	Selebi $		Selkirk $		Other $		Total $		Selebi $		Selkirk $		Other $		Total $
	Six months ended June 30, 2026								Six months ended June 30, 2025
	Selebi $		Selkirk $		Other $		Total $		Selebi $		Selkirk $		Other $		Total $
Drilling		5,622,005		-		-		5,622,005		3,718,577		703,233		-		4,421,810
Site operations, administration, & overhead		1,885,596		183,122		27,494		2,096,212		2,294,239		386,470		152,742		2,833,451
Electricity		1,874,027		6,519		-		1,880,546		1,729,242		8,652		-		1,737,894
Engineering & technical studies		1,529,556		156,102		-		1,685,658		1,338,749		27,595		-		1,366,344
Infrastructure & equipment maintenance		1,518,065		-		-		1,518,065		1,442,278		-		-		1,442,278
Geology		959,977		517,001		-		1,476,978		1,019,837		330,071		-		1,349,908
Mine development		1,063,460		-		-		1,063,460		1,376,789		-		-		1,376,789
Freight, tools, supplies, & other consumables		751,827		2,312		-		754,139		522,793		87,602		-		610,395
Geophysics		468,985		12,301		-		481,286		469,768		20,939		-		490,707
Health & safety		226,976		1,199		-		228,175		220,615		3,630		-		224,245
Environmental, social & governance		174,595		-		-		174,595		160,780		-		-		160,780
Share-based compensation		298,610		33,179		-		331,789		320,791		137,481		-		458,272
Total		16,373,679		911,735		27,494		17,312,908		14,614,458		1,705,673		152,742		16,472,873